Company Registration No. 10577550 (England and Wales)
KAPIE ONE LIMITED
Unaudited financial statements
for the year ended 30 June 2026
KAPIE ONE LIMITED
Unaudited financial statements
Contents
KAPIE ONE LIMITED
Company Information
for the year ended 30 June 2026
Company Number
10577550 (England and Wales)
Registered Office
The Granary
Home End
Fulbourn
Cambs
CB21 5BS
United Kingdom
KAPIE ONE LIMITED
Statement of financial position
as at 30 June 2026
Cash at bank and in hand
231,169
265,289
Creditors: amounts falling due within one year
(3,459)
(3,270)
Net current assets
230,497
264,805
Net assets
230,500
290,932
Called up share capital
550,001
550,001
Profit and loss account
(319,501)
(259,069)
Shareholders' funds
230,500
290,932
For the year ending 30 June 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 September 2026 and were signed on its behalf by
Mr P R Kerrison
Director
Company Registration No. 10577550
KAPIE ONE LIMITED
Notes to the Accounts
for the year ended 30 June 2026
KAPIE ONE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10577550. The registered office is The Granary, Home End, Fulbourn, Cambs, CB21 5BS, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% per annum, reducing balance
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.
Short term debtors are measured at transaction price, less any impairment.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short term creditors are measured at transaction price.
KAPIE ONE LIMITED
Notes to the Accounts
for the year ended 30 June 2026
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Motor vehicles
Charge for the year
26,124
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
3,459
3,270
Allotted, called up and fully paid:
550,001 Ordinary shares of £1 each
550,001
550,001
KAPIE ONE LIMITED
Notes to the Accounts
for the year ended 30 June 2026
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Transactions with related parties
During the period, the company made sales of £23,469 (2025 - £23,470) to Sotham Engineering Services Limited, a company in which Mr P R Kerrison is director and shareholder. As at the period end, the company was owed £2,347 (2025 - £2,347) by Sotham Engineering Services Limited.
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Average number of employees
During the year the average number of employees was 1 (2025: 1).